Gold’s Fear Trade Intensifies on Debt and Equity Risk

Gold’s Fear Trade Intensifies on Debt and Equity Risk

“For centuries, investors and savers have depended on gold in times of economic and political strife, and its investment case right now is as compelling as it’s ever been.” As I write this, gold is trading above US$1,330 an ounce after a strong rally that took the metal to its highest levels since August 2016. Tensions over North Korea, a weakening US dollar, political uncertainty in Washington, an overvalued US stock market, surging public and…

Gold Trades at Highest in a Year

Gold Trades at Highest in a Year

Gold continued its march higher Friday after striking a one-year closing high in the previous session as the dollar and U.S. Treasury yields skidded lower. The yellow metal gained, and was on track for a roughly 1.7% weekly gain for the most-active futures contract, as continued strength in the euro pushed the buck toward its worst week in more than three months.

Gold Adds to 4% August Climb

Gold Adds to 4% August Climb

Gold climbed on Friday, adding to its roughly 4% surge for August, after a closely watched snapshot of the U.S. job market revealed tepid late-summer hiring and almost no paycheck growth. The report keeps alive the close debate over whether the Federal Reserve has a green light to raise interest rates again this year given still-concerning low inflation readings, including within wage data.

Gold Was Chemically Destined To Be Money All Along

Gold Was Chemically Destined To Be Money All Along

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element. It doesn’t play by the same rules as iron or tin or aluminum, and its value has nothing to do with its utility — or lack thereof. People valued the yellow metal for its beauty and malleability eons before they knew of its usefulness in conducting electricity or its chemical inertness. That gold…

North Korea Threats Raise Gold Demand

North Korea Threats Raise Gold Demand

Mounting hostility between North Korea and President Trump has shaken the markets. This week, gold hit two month record highs, gaining $40 in just two days. This gold uptick began earlier this week when the UN Security Council imposed new sanctions on North Korea, with the intention of hurting their economy, thus limiting the funding of their nuclear programs. This tactic has not worked in the past, and this time around the situation escalated. At…

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

Moscow And Beijing Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade. According to the South China Morning Post the new office was part of agreements made between the two neighbors “to seek stronger economic ties” since the West brought in sanctions against Russia over the…

Silver Investment: Outperformed Gold In This Major Sector

Silver Investment: Outperformed Gold In This Major Sector

Precious metals investors may not be aware, but silver investment has seriously outperformed gold in this major market sector. Even though precious metals sentiment and sales are currently lower than they were over the past several years, this is only temporary pause before the market surges as the highly inflated stock market finally cracks and plunges lower.

Gold Miner’s $190 Billion Tax Bill Would Take Centuries to Pay

Gold Miner’s $190 Billion Tax Bill Would Take Centuries to Pay

Tanzania sent Acacia Mining Plc a tax bill equal to almost two centuries worth of the gold producer’s revenue. The government issued the company, which mines all of its gold in the African country, with a $40 billion tax bill and another $150 billion in interest and penalties, Acacia said in a statement Monday. The charge covers alleged under-declared export revenues from the Bulyanhulu and Buzwagi mines over periods between 2000 and 2017.